Ribbon Acquisition extends SPAC business combination deadline

Ribbon Acquisition Corporation Class A ( (RIBB) ) has shared an update.

At an extraordinary general meeting held on January 9, 2026, shareholders of Ribbon Acquisition Corp. approved changes to its Investment Management Trust Agreement, extending the deadline to complete an initial business combination from January 16, 2026 to January 16, 2027 and removing the company’s prior ability to withdraw up to $100,000 of interest from the trust account to cover dissolution expenses. Shareholders also approved a Second Amended and Restated Memorandum and Articles of Association, which similarly extends the business combination deadline to January 16, 2027, a move that provides the SPAC additional time to secure a suitable transaction while tightening the protections around funds held in trust for investors.

More about Ribbon Acquisition Corporation Class A

Ribbon Acquisition Corp. is a special purpose acquisition company (SPAC) that raises capital through an initial public offering with the purpose of consummating an initial business combination within a specified timeframe, typically targeting an unspecified operating business for a merger or similar transaction.

Average Trading Volume: 15,258

Technical Sentiment Signal: Strong Buy

Current Market Cap: $67.74M

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